For those who are worried about the state of Singapore’s economy, there’s been good news on this front.
The nation’s third-quarter economic contraction was 7% year on year, much better than the 13.3% contraction in the second quarter.
On a quarter-on-quarter basis, the gross domestic product grew by 7.9%, representing a dramatic rebound from the pandemic lows.
This growth was led by the information technology, advanced manufacturing and financial services sectors, which have boomed despite the crisis.
However, other badly-impacted sectors such as tourism, airlines and hotels may still need more time before a recovery takes root.
Singapore’s recovery may end up being “K-shaped” rather than “U-shaped” or “L-shaped”.
“K” in this case refers to certain industries doing very well while others continue to languish.
There’s reason to rejoice, though, as the number of COVID-19 cases within the community dwindles to low single-digit levels.
Phase III of Singapore’s re-opening may even be on the cards.
Here is a list of our top articles for the week.
1. MAS Eases Rules on Loan Repayments: Will This Affect Our Local Banks?
The Monetary Authority of Singapore has continued to release new measures to help businesses and individuals to manage their cash flows. Will these have an impact on banks’ earnings?
2. 3 Reasons Why REITs Can Grow Your Wealth
REITs offer more than just income. Here are three reasons why REITs can also double up as growth stocks.
3. Here’s How Your Dividends Can Help to Generate Even More Dividends
Are you looking forward to enjoying a stream of dividend income during your golden years? Here’s how you can achieve that dream.
4. 3 Shares That Will Benefit When Phase III Kicks In
With the government announcing that Phase III of Singapore’s reopening may be here soon, here are three companies that we think will benefit from it.
5. Can These Medical Stocks Deliver a Shot in the Arm for Your Portfolio?
The pandemic is a crisis that many assume should naturally benefit healthcare and medical stocks. Can these businesses provide a boost for your investment portfolio?
6. 2 Major Challenges for Grab and Razer’s Digital Bank Dreams
For digital bank aspirants, here are two challenges that may derail their dreams of achieving success.
7. 3 Reasons Why We Like Suntec REIT’s Latest Acquisition
Suntec REIT (SGX: T82U) is diversifying its portfolio into the UK with the acquisition of two office properties. Here are three reasons why we think it’s a good move.
8. Singapore Airlines Limited: Not Taking Off Anytime Soon
Singapore Airlines Limited (SGX: C6L) has been devising innovative ways to earn additional revenue even as its fleet remains largely grounded. However, the outlook continues to remain challenging for the carrier.
9. Is Exxon Mobil Running Out of Gas?
With the oil and gas industry still in the doldrums, can this oil giant sustain its earnings, or is it losing relevance in a brave new world?
Singapore Press Holdings Limited (SGX: T39) just released its full fiscal year 2020 earnings. Here are five aspects that investors should know about.
11. 3 Key Points from SPH REIT’s Full-Year 2020 Earnings Report
SPH REIT (SGX: SK6U) recently reported its full-year 2020 earnings as well. Here are three points for investors to take note of.
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